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Amazon intends to invest $15 billion more in India says CEO Andy Jassy

The new investment will take its total investment in the country to $26 billion

Washington: E-commerce giant Amazon plans to invest $15 billion more in India, taking its total investment in the country to $26 billion, a top official of the company has said.

After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested $11 billion in India till date.

“I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested $11 billion till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to future of partnering,” Jassy said on Friday.

The India’s External Affairs Ministry in a tweet said the prime minister held a productive meeting with the president and CEO of Amazon.

“Discussions focused on the area of e-commerce and the potential of further collaboration with @amazon in the logistics sector in India,” it said.

Modi welcomed Amazon’s initiative of promoting digitisation of MSMEs in India.

The post Amazon intends to invest $15 billion more in India, says CEO Andy Jassy appeared first on Retail News | Retail Industry | Business Information & Latest News.



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